2018-05-09T16:54:34-07:00 2017-06-30 990 2016-07-01 042312734 BOSTON BALLET INC BOST 6176956950 19 Clarendon St Boston MA 02116 James Tague Director of Finance & Treasurer 6174566259 2018-05-10 2016 2022-09-23 18:48:47Z Meredith Hodges 19 Clarendon Street Boston MA 02116 44661404 0 X www.bostonballet.org X 1963 MA To bring new levels of excellence to ballet - both on and off stage - through a process that is inclusive in scope, educational, and creative. 28 28 683 400 122507 14705276 18662753 21069192 20266545 309238 394672 244037 1680870 36327743 41004840 0 0 0 0 19282215 18726277 0 0 1644369 15918001 16232729 35200216 34959006 1127527 6045834 28758430 38302439 9956286 12172989 18802144 26129450 Boston Ballet's mission is to bring new levels of excellence to ballet - both on and off stage. We will accomplish this through a process that is inclusive in scope, educational, and creative. Inherent in this mission are several tensions: taking artistic risks while not leaving our audience behind, managing for financial stability while allowing for artistic experimentation, being sensitive to the community while recognizing that ballet is not a mass art form. Meeting the challenges of these tensions has contributed to our success. Through this mission we will significantly advance ballet as an art form, enrich the cultural life of our community, and create a heightened sense of excitement and reward those who join us. 0 0 22499757 0 13234294 Ballet Programs: Led by Artistic Director, Mikko Nissinen, the Boston Ballet maintains a diverse repertoire, ranging from full-length ballets to new works by some of today's finest choreographers. The Company gives over 100 performances at the Boston Opera House and other performing spaces in Boston, MA during its eight month season that ends in May of each year. The fiscal year 2017 season featured 10 ballets including one world premiere, three company premieres, and six revivals. To sustain the Ballet's artistic excellency, contributed revenues reported on Line 1.f in Part VIII, Statement of Revenues; include $5.3 million of multi year pledges that are due in future years. In 2017, the Company began a five-year partnership with internationally-renowned choreographer William Forsythe. As part of this partnership, the Company will add one new William Forsythe work to its repertoire each year in addition to presenting reprised works from the Company's repertoire. To kick off the partnership, the Company presented Forsythe's full-length ARTIFACT in 2017. Boston Ballet was the first North American ballet company to perform this full-length work. Boston Ballet II is the second company of Boston Ballet and represents a two-year program bridging the gap between a dancer's formal training and their professional career. BBII's focus is on developing strong, technical artists who have the skills to thrive in a world-renowned company. BBII performs extensively with the main company at the Boston Opera House in addition to their touring engagements throughout the Greater Boston Community. 6944796 0 6913078 Boston Ballet School (BBS): provides a comprehensive dance education with the goal of inspiring, nurturing and sustaining a life-long love of dance in every student. BBS operates three state-of-art dance facilities: at Boston Ballet's headquarters in the South End of Boston; in the Metro-West town of Newton; and in the north shore town of Marblehead. In Jan'2016, a developer purchased the property that BBS leases for its Newton dance programs and entered into an agreement with the Ballet in FY2017 accelerating the termination date of the Newton Lease to Sep'2017. The lease termination agreement included rent abatement received in 2017 and early termination payments. The related amounts were recognized as a gain on lease termination in 2017 and is reported on Line 11.b in Part VIII, Statement of Revenues. In Aug'2016, the Ballet entered into a new lease in Newton that included additional studios to meet the growing demand for programming in this community. The Ballet estimates the total renovation cost will be approximately $5,500,000. Through June 30, 2017, The Ballet has raised $3,065,000 of contributed revenue to help cover the cost of renovation-$2,040,000 of which was in FY2017 and is included in Line 1.f on Part VIII, Statement of Revenue. Additionally, the new lease provides for $1,700,000 of tenant improvement allowances, of which $1,407,272 was received by June 30, 2017 and is reported on Line 25 in Part X, Balance Sheet. The Ballet intends to use the tenant improvement allowance, lease termination payments and contributions raised for the new studio to cover the cost of renovation. The new Newton lease commenced on July 2, 2017 and expires in 2032 with options to extend through 2047. BBS provides dance education and training to nearly 5,000 students through four programs. The Classical Ballet Program follows a carefully designed curriculum with nine levels of study. It also has a supplemental Summer Dance Workshop and Master Class Series exposing students to different dance concepts and styles in a creative environment. The Children's Program for ages 16 months to 7 years introduces children to the art of dance by promoting the exploration of creativity and expression through movement. Its corresponding summer camps, Ballet Stories and Ballet Journeys introduce students to the wider world of dance. The Adult Dance Program offers a wide range of dance classes to students of all abilities and experience levels. The Pre-Professional Program and its Summer Dance Program are audition-only and highly competitive programs that provide a rigorous training program preparing students for a professional career with the Boston Ballet, and in the ballet industry. 409460 119173 The Division for Education and Community Initiatives (ECI): reaches over 5,000 individuals in Boston, Newton, the North Shore and the surrounding communities. ECI programs include: Citydance, established in 1991, provides third grade students from over 130 Boston and North Shore public school classrooms with a tuition-free introduction to dance education; ECI On Location, inclusive of Taking Steps and Boys in Motion, serve students from 4th grade to 8th grade, offering year-long dance education in schools and community sites; and Adaptive Dance, established in 2002, provides creative movement instruction to individuals with disabilities from ages 2 to adult. ECI also engages participants beyond programming by providing special opportunities that can include attending Boston Ballet performances and special events/activities, mentoring and teaching, and performing in showcases or community performances. 0 0 0 29854013 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 91 0 1 683 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CT MA ME NH NY RI X X Finance Department 6174566259 19 Clarendon Street Boston MA 02116 Jack R Meyer Chair 1 0 X 0 0 0 Alison A Quirk Vice Chair 1 0 X 0 0 0 Lisa A Blumenthal Trustee 1 0 X 0 0 0 Stephanie L Brown Trustee 1 0 X 0 0 0 M Roy Burns Trustee 1 0 X 0 0 0 Charles S Carignan Trustee 1 0 X 0 0 0 James D Clubb Trustee 1 0 X 0 0 0 Lynn A Dale Trustee 1 0 X 0 0 0 Ralph de la Torre Trustee 1 0 X 0 0 0 Donna L Egan Trustee 1 0 X 0 0 0 Nina S Fialkow Trustee 1 0 X 0 0 0 Leigh R Fraser Trustee 1 0 X 0 0 0 Susan Y Friedman Trustee 1 0 X 0 0 0 Elizabeth H Godfrey Trustee 1 0 X 0 0 0 Paul S Henderson Trustee 1 0 X 0 0 0 Andrea W Hoff Trustee 1 0 X 0 0 0 Tito Jackson Trustee 1 0 X 0 0 0 Nicholas W Lazares Trustee 1 0 X 0 0 0 Ruth Littlechild Trustee 1 0 X 0 0 0 Nick Nanda Trustee 1 0 X 0 0 0 James L J Nuzzo Trustee 1 0 X 0 0 0 Eleanor Y Pao Trustee 1 0 X 0 0 0 Jill W Roberts Trustee 1 0 X 0 0 0 E Pixley Schiciano Trustee 1 0 X 0 0 0 Marie L Schwartz Trustee 1 0 X 0 0 0 Laura J Sen Trustee 1 0 X 0 0 0 Ruth E Shefer Trustee 1 0 X 0 0 0 Henri A Termeer Trustee 1 0 X 0 0 0 Mikko P Nissinen Artistic Director 40 0 X X 589821 0 6130 Meredith L Hodges Executive Director 40 0 X X 352547 0 6130 James Tague Director of Finance & Treasurer 40 0 X 152566 0 12805 Jennifer Weissman Chief Marketing Officer 40 0 X 210937 0 12936 Jonathan McPhee Music Director Emeritus 40 0 X 143111 0 9004 Melanie Sheffield Director of Development 40 0 X 186146 0 12905 Russell Kaiser Assistant Artistic Director 40 0 X 150041 0 854 Margaret Tracey Director of Boston Ballet School 40 0 X 148758 0 12788 1933927 0 73552 15 0 1 0 Carr Enterprisess 100 Conifer Hill Drive Danvers MA 01923 Construction 1437071 Gensler One Beacon Street Boston MA 02108 Architecture Design 370942 Mystic Scenic Studios 293 Lenox Street Norwood MA 02062 Artistic Set Construction 247000 Big Spaceship LLC 45 Main Street Brooklyn NY 11201 Website Design & Development 159750 Troiani & Sons 24 Langlois Pine Lakeville MA 02347 Artistic Trucking 214112 7 0 0 1825375 0 134500 16702878 684658 18662753 Ticket Revenues 711120 13234294 13234294 0 0 Tuition and Fees 711120 6913078 6913078 0 0 Community Initiatives 711120 119173 119173 0 0 0 0 0 0 20266545 341809 0 0 341809 0 0 0 0 0 0 0 0 0 0 2740675 0 2687812 0 52863 0 52863 0 0 52863 455693 1825375 747189 -291496 0 -291496 526882 221563 305319 182812 122507 0 Costume and Scenery Rental 711120 193604 193604 0 0 Gain on Lease Termination 711120 1387243 1387243 0 0 86200 86200 0 0 1667047 41004840 22116404 122507 103176 1076041 562131 513910 0 14440484 12726953 703220 1010311 534205 516205 18000 0 1179754 1004215 95919 79620 1495793 1281068 117331 97394 61219 30434 30785 0 64800 0 64800 0 623253 383927 148251 91075 2842684 2794584 0 48100 73452 47677 8154 17621 263762 54544 208218 1000 331945 331945 0 0 2483810 1801602 682208 0 334362 318812 4460 11090 16727 14680 1494 553 105749 0 105749 0 1808687 1275755 524918 8014 507879 380909 109194 17776 Artistic Production Expenses 4909686 4909686 0 0 Ballet School Programmatic 785444 785444 0 0 Credit Card Fees 531474 512028 0 19446 Special Event Expenses 195299 0 0 195299 292497 121414 124013 47070 34959006 29854013 3460624 1644369 773652 1265396 703333 450066 1381408 6632760 73829 1444959 110634 124020 1016140 1091872 30235604 17338691 11697665 12896913 10332656 11121632 2123362 2543562 243334 258557 302417 472702 28758430 38302439 1568921 2016196 4887365 6249521 3500000 2500000 0 0 1407272 9956286 12172989 X 3726238 4634770 4092129 8198103 10983777 13296577 18802144 26129450 28758430 38302439 6045834 1281472 0 0 0 0 X 0 1 X 1 0 X 15419429 16403851 13151200 15124906 19118446 79217832 17536518 18052845 19636266 21590579 20793427 97609635 0 103238 427432 219311 1667047 2417028 0 0 0 0 0 0 0 0 0 0 0 0 32955947 34559934 33214898 36934796 41578920 179244495 11262193 11980933 7033919 7118895 8370064 45766004 0 0 0 0 0 0 11262193 11980933 7033919 7118895 8370064 45766004 133478491 228582 339243 320353 329979 341809 1559966 0 0 0 0 0 0 228582 339243 320353 329979 341809 1559966 0 0 0 0 0 0 0 0 0 0 0 0 33184529 34899177 33535251 37264775 41920729 180804461 0.73825 0.72679 0.00863 0.00861 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12450861 112800 1586132 0 479755 10000 13660038 11693629 1125400 85923 0 444091 10000 12450861 11698177 240369 184370 0 410282 19005 11693629 8587106 2002021 1506547 0 368975 28522 11698177 8334970 6451 678925 0 389258 43982 8587106 0 0.8123 0.1877 1 0 0 0 0 0 8466394 5624884 2841510 0 7484365 2416620 5067745 0 4910569 3279925 1630644 0 9374276 6017262 3357014 12896913 Alternative Investments 2543562 F 2543562 0 Deferred tenant improvement allowance 1407272 1407272 X 42286312 1281472 0 0 0 1281472 41004840 0 0 0 41004840 34959006 0 0 0 0 0 34959006 0 0 0 34959006 Schedule D, Part V, Line 3a(i) The Ballet received annual income distributions from the E. Virginia Williams Fund ("The Fund") held in trust and managed by The Boston Foundation. The Fund was established in the early 1980's for the exclusive benefit of the Ballet on the condition the Ballet continues to operate as a 501(c)(3) ballet company. The fund had a fair market value of $2,034,000 at June 30, 2017. Schedule D, Part V, Line 4 The Ballet's Endowment consists of sixteen individual funds established to support artistic productions, scholarships to the Boston Ballet School, and community programmatic activities. Schedule D, Part X, Line 1 Deferred tenant improvement allowance is amortized on a straight-line basis over the lease term. Schedule D, Part X, Line 2 The Ballet is recognized by the Internal Revenue Service as an organization described in Section 501(c)(3) of the Internal Revenue Code (the "Code") and is generally exempt from federal and state income taxes on related income. Accordingly, no provision for income taxes is made in the financial statements. The Ballet accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Ballet has identified its tax status as a tax-exempt entity as a tax position; however, the Ballet has determined that such tax position does not result in an uncertainty requiring recognition. The Ballet is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for examination for three years after the date of filing the related return. Annual Ball 1969468 1612174 357294 11020 107691 87536 168302 151123 103506 Corporate Nutcracker Event 311600 213201 98399 0 46488 10000 43977 4592 12954 0 2281068 1825375 455693 11020 154179 97536 212279 155715 116460 747189 -291496 0 0 0 0 0 0 0 0 0 Mikko P Nissinen Artistic Director 589821 0 0 0 0 0 0 0 6130 0 595951 0 0 0 Meredith L Hodges Executive Director 292547 0 60000 0 0 0 0 0 6130 0 358677 0 0 0 James Tague Director of Finance & Treasurer 152566 0 0 0 0 0 0 0 12805 0 165371 0 0 0 Jennifer Weissman Chief Marketing Officer 210937 0 0 0 0 0 0 0 12936 0 223873 0 0 0 Melanie Sheffield Director of Development 186146 0 0 0 0 0 0 0 12905 0 199051 0 0 0 Russell Kaiser Assistant Artistic Director 150041 0 0 0 0 0 0 0 854 0 150895 0 0 0 Margaret Tracey Director of Boston Ballet School 148758 0 0 0 0 0 0 0 12788 0 161546 0 0 0 Jonathan McPhee Music Director Emeritus 143111 0 0 0 0 0 0 0 9004 0 152115 0 0 0 Ralph de la Torre -- BB Trustee CEO Steward Health Care 150000 Steward provides PT to BB Dancers 0 X 42 531288 Fair Value X Physical Therapy Equipment 1 38885 Fair Value X Donated Auction Items 18 105566 Fair Value X Flowers 2 15000 Fair Value X Piano 1 25000 Fair Value X Dance Clothing 2 13834 Fair Value X Media Equipment 5 2500 Fair Value 0 0 0 Form 990, Part VI, Section A, Line 8b Executive Committee meeting materials are archived and all decisions are reported to the Board of Trustees at the subsequent Board meeting. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Finance Department under the direct supervision of the Director of Finance. Once completed, it is reviewed in detail by the Audit Committee. The final draft of the Form 990 is distributed to the entire Board of Trustees before filing with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c The organization regularly monitors and enforces compliance with the Conflict of Interest Policy through annual renewal of disclosures. Form 990, Part VI, Section B, Line 15 Compensation for the Artistic Director and Executive Director are reviewed and approved by the Executive Committee and the Board of Trustees. Form 990, Part VI, Section C, Line 19 The Ballet's governing documents and Conflict of Interest policy are available upon request